People who trade Bitcoin often think about better opportunities. Bitcoin wallets are one option that can give you more success in your trade. There, you can always find support and instructions for a better trade. Many traders choose hot crypto wallets. Today, there are 5 best Bitcoin wallets of the hot type. So, what are the best Bitcoin wallets you may choose?
Trustee Wallet is the best mobile Bitcoin wallet of the hot type. It supports more than 160K assets and has price tracking.
- Huobi Pro
Huobi Pro is also one of the top Bitcoin wallets applied on mobile devices. It uses multichain and supports more than 1000 tokens.
Coinbase is also a mobile hot wallet. It is one of the best wallets for Bitcoin in terms of security.
- Luno Wallet
Luno wallet is free to start the trade. It uses two-factor verification and works in different locations.
Exodus is a hybrid hot wallet with ShapeShift technology. It is one of the best BTC wallets that have more than 100 assets available. It mainly works on mobile devices. There is the around-the-clock customer support that can answer your questions.
How to Choose the Best Bitcoin Wallets?
There are two main types of Bitcoin wallets. They include hot wallets and cold wallets. Hot wallets are the most popular ones. They work with the existing technologies and have their own classification. Hot wallets include desktop, mobile, and hybrid wallets. Cold wallets do not access the network and use it only for transactions.
When looking for either a hot or cold wallet, it is important to consider the following features.
- The Available Cryptocurrencies
It is important to choose a wallet that supports your favorite cryptocurrencies. You may trade Bitcoins, yet the market can change. In such a case, flexibility is crucial. The wallet should accept other currencies you can switch to.
Crypto trading has great risks to your security. You should care about your personal data stored in crypto wallets. So, you should choose the most anonymous trading wallet. The double verification procedure is a benefit. The wallet should also provide you with a strong and unique password.
Crypto wallets can be both free and paid. At the same time, there is much fraud in free wallets. The system may attract you with its free downloading and no fees for transactions. Yet, such services often have big hidden fees. That is why it is better to choose a paid wallet with reasonable prices. Read the reviews and make sure it has no extra payments for transactions.
- Customer Support
Crypto trading is a field you should understand well to trade. It has complicated processes, and, at the same time, you pay money. That is why it is crucial to have reliable customer support. The managers will help you choose the best currencies to invest in. They can also help you if you have any issues with the platform.